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$4,358 (target)

3841 Covert Rd, Waterford, MI 48328

3 beds • 2 baths • 2177 sqft

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This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $109k initial cash invested.

2.96%

Cash On Cash

7.29%

Cap Rate

1.2

DSCR

$4,358

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,358 income − $4,089 expenses = $269 cash flow

Income$4,358Mortgage P&I$2,19150%Property Taxes$2596%Insurance$1584%Management$52312%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$47911%Cash Flow$269

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,740

Closing costs

1%

$4,337

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,358

Total Expenses

$4,089

Mortgage P&I

50%

$2,191

Property Taxes

6%

$259

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$523

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$479

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